Acquisition of Olympus Controls Corp. by Applied Industrial Technologies Being Finalized

Applied Industrial Technologies recently announced its plans to fully acquire the Olympus Controls Corp. Applied Industrial Technologies is a leading organization in the power industry and is known for supplying its clients with services such as power transmission products, bearings distributions, solutions for specialty flow control and other similar industrial services. It is also known for its MRO and OEM clients base in many other industries. It also provides other value added services to its clients including storeroom services, management solutions and also applications and system integrations in industrial and fluid power field.

This recent acquisition of Olympus is aimed at helping them to providing a more vast platform for enhancing their operations in various capabilities and solutions provisions to both their customers and also their shareholders.

Olympus is an organization that specializes in providing automated solutions to clients, these automated solutions include fields such as motion control, machine vision and robotic technologies. Their services provided includes and are not limited to modelling, compiling, combining and also supply under these various fields.

The President and Chief Executive Officer For Applied Technologies, Neil Schrimsher, enlightened the public as to the reason behind the acquisition, according to him, Olympus will help in broadening applied range of automation solution expertise. This will help in harmonizing their already renowned reputation, thereby enhancing their proficiencies and also increasing their customer base and technical presences in a many other industries.

Olympus was founded in 1998 and has a client base spanning over regions over the continent. With skills ranging from automation to assembly’s solutions and its full service provision to its various user’s type, the company will maintain and perform all operations under its original name even after the acquisition.